Services, particularly finance (insurance) and transportation of goods, are traditional complements to Manufacturing. With the spread of telecommunications and computer technologies, virtually all commercial services have become trade-able across borders. The trend of globalisation, reinforced by liberalisation policies and the removal of regulatory obstacles, has fuelled steady growth of international investment and trade in services.
The Government of India has entered into a number of bilateral agreements like CEPA, etc. to further accelerate the growth of the flows of bilateral trade and investment between India and individual countries.
AT Kearney's Global Services Location Index has ranked India as second in the world in terms of financial attractiveness, people and skills availability and business environment. It is the second most attractive destination for FDI after China, ahead of US, Russia and Brazil. Cumulative amount of FDI inflows till date amount to 4,04,728 (Rs); 92,158 (US $ m).
Besides, the country has raised FDI limits in petroleum refinery, aviation, commodity exchanges, credit information companies and mining of some precious metals to attract more capital and boost growth.
India will need massive investment up to March 2012, including $500 billion in infrastructure, to sustain high growth rates.
International Business has applicability across ALL domains and sectors. With increasing cross-border trade the need for professionals with an understanding of international business is imperative across each and every sector, leading to very high employment prospects. Some of the types of organisations that employ MBA (IB) graduates are mentioned below:
- World Trade Bodies – WTO, IMF, ADB, etc.
- Banks and Financial Institutions
- Business Environment Scanning firms
- Strategy Formulation and Execution firms
- Cross Cultural Training firms
- Global Brand Management companies
- International Trade Negotiation organisations
- International Trade Documentation organisations
- Foreign Exchanges & Commodity Markets
- Business Media
- Export Houses
UPES offers the following programs in this sector:
College of Management & Economics Studies
A sample career path after a student completes MBA (IB) is illustrated below: